International Business

Tesla To Seek Shareholders' Nod For Stock Split: 5 Points

Tesla To Seek Shareholders' Nod For Stock Split: 5 Points

Edited by Prashun Talukdar | Tuesday March 29, 2022, New Delhi

U.S. electric carmaker Tesla Inc is considering a stock split option and will seek shareholder approval to increase its share count. If the process sails through, then it will be the second stock split of the company. Following the announcement, the carmaker's stock rallied 8.03 per cent to $1,091.84 on Monday, adding over $100 billion to its market value.

Explainer: Can Companies Leaving Russia Recover Losses Through Insurance?

Explainer: Can Companies Leaving Russia Recover Losses Through Insurance?

Reuters | Wednesday March 23, 2022

Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co to PwC, a global professional services firm.

Alibaba Hikes Share Buyback Size To Record $25 Billion

Alibaba Hikes Share Buyback Size To Record $25 Billion

Reuters | Tuesday March 22, 2022

Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth.

Asian Stocks Rally As US Fed hike, Ukraine Talks Boost Sentiment

Asian Stocks Rally As US Fed hike, Ukraine Talks Boost Sentiment

Reuters | Thursday March 17, 2022, Tokyo

Japan and Hong Kong led a jump in regional stocks on Thursday, joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky.

18 Minutes Of Trading Chaos Which Broke The Nickel Market

18 Minutes Of Trading Chaos Which Broke The Nickel Market

Jack Farchy, Alfred Cang and Mark Burton, Bloomberg Businessweek | Tuesday March 15, 2022

It was 5:42 a.m. on March 8 in London when the nickel market broke. At that time of day, bleary-eyed traders are typically just glancing at prices as they swig coffee on their way to the office.

What Sanctions On And By Russia Mean? 10 Points

What Sanctions On And By Russia Mean? 10 Points

Edited by Rahul Karunakar | Monday March 14, 2022

Russia's invasion of Ukraine has led to severe economic sanctions and a huge reaction from the corporates working in Russia. Here is a look at the Western countries sanctions on Russia in reposnse to what Moscow calls a "special operation" in Ukraine.

Chinese Firms Threatened With Delisting On Wall Street

Chinese Firms Threatened With Delisting On Wall Street

Agence France-Presse | Friday March 11, 2022

Five Chinese companies have been ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or face delisting from Wall Street.

Russia Will Solve Its Problems, Western Sanctions Illegitimate: Vladimir Putin

Russia Will Solve Its Problems, Western Sanctions Illegitimate: Vladimir Putin

Reuters | Thursday March 10, 2022

Russian President Vladimir Putin said on Thursday that Western sanctions were illegimate and Russia would calmly solve the problems arising from them.

War Has Destroyed $100 Billion In Assets So Far: Ukraine Official

War Has Destroyed $100 Billion In Assets So Far: Ukraine Official

Agence France-Presse | Thursday March 10, 2022, Washington

The Russian invasion has so far destroyed about $100 billion in roads, bridges and businesses in Ukraine, dealing a huge hit to its economy, a Kyiv government official said Thursday.

Textile Exports To Cross $40 Billion Mark This Year: Report

Textile Exports To Cross $40 Billion Mark This Year: Report

Press Trust of India | Wednesday March 09, 2022, New Delhi

India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.

Russia's Sovereign Rating Downgraded To 'Junk' Grade By Moody's, Fitch

Russia's Sovereign Rating Downgraded To 'Junk' Grade By Moody's, Fitch

Press Trust of India | Thursday March 03, 2022, New Delhi

Moody's and Fitch on Thursday downgraded Russia's sovereign rating to 'junk' grade following severe sanctions by western countries.

LIC's Employees Union Pressure Government Against IPO Plan

LIC's Employees Union Pressure Government Against IPO Plan

Reported by Himanshu Shekhar Mishra, Edited by Rahul Karunakar | Wednesday March 02, 2022

LIC's employees union pressures against the government's IPO Plan, a day after finance minister indicated the centre was open to reviewing it.

Toshiba CEO Quits Ahead Of Shareholder Vote On Spin-Off Plan

Toshiba CEO Quits Ahead Of Shareholder Vote On Spin-Off Plan

Agence France-Presse | Tuesday March 01, 2022

Toshiba's CEO resigned on Tuesday, the Japanese conglomerate said, adding fresh uncertainty after already revising plans to split its businesses and just weeks before a key shareholder vote.

Coal Supply Will Be Hampered Further From Ukraine Conflict, Says ICPPA

Coal Supply Will Be Hampered Further From Ukraine Conflict, Says ICPPA

Press Trust of India | Friday February 25, 2022, New Delhi

The Russia-Ukraine military conflict will hamper coal supply further and hurt power plants and industries, said ICPPA.

US Market Regulator Probes Elon Musk, Brother Kimbal Over Tesla Share Sales: Report

US Market Regulator Probes Elon Musk, Brother Kimbal Over Tesla Share Sales: Report

Reuters | Friday February 25, 2022

The U.S. Securities and Exchange Commission is investigating whether recent stock sales by Tesla Inc Chief Executive Elon Musk and his brother Kimbal Musk "violated insider trading rules", the Wall Street Journal reported on Thursday, citing people familiar with the matter.